Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1887-10-15
HOW TO GET RICH.
AS Advised by the WeI-Known and
Thrifty General b. +, Butler.

Thrifty General b. F. Butler.
General Ben Butler has been telling
young men, through the Boston Herald,
how to acquire wealth, as follows:
Nothing is so safe for an investment as
improved real estate. Nothing is likely
TO grow In value faster. In the last fifty
years ninety per cent of all the merchants
and traders IN Boston have failed. In the
last nifty years ninety per cent. of all the
business corporations have failed or gone
out OF business, so that their stock has been
wiped out. In the last fifty years all the
improved real estate on the average has
paid its interest and taxes, and quadrupled
IN value. If young mans father can give
him anything to start him in the world. he
had better invest it in that way. and let it
accumulate and earn his living. and he will
be richer than if he had gone into bust
ness. Jay Gould is said to have started
from mouse-trap seller to become a mill
Ionalre. Assuming that TO be true, he is
only one in 100000 of people; and if
any young man thinks that he is going to
initiate jay Gould, there are 100000
chances to one that he won't succeed.
The rule would lay down for young
HAL II, never 10 10 mean thing Tor
money. Be prudent and saving of YOUR
money. Be careful toIhave no interest ac-
count against you, unless you have an
equal Or greater interest account running
in your favor. Work diligently, and you
are sure of a competency in your cid age.
and as early as possible, if you can, find a
saving, prudent girl, who has been brought
up by a mother who knows how to take
care of q house, and make wife of her.
She will aid and not hinder you
| claim no originality in this advice,
and will relate you an incident in my own
experience to illustrate it: In my earliest
practice in my profession l was quite sue
cessful in earning money, and / had a
small balance in the Lowell Bank, at the
head of which was Mr.. james G. Carney.
The bank was directly across. the hall from
my office. l stepped into the bank to de-
post little money on one occasion, and
Mr.. Carney said to me: why don't YOU
invest your money! '1nvest," said 1 II
have nothing to invest" ooh, yes" he
says; "you have quite little sum of
money, and | see that your young friends
come with your checks occasionally, evil
IDENTIFY borrowing it. Now you had better
invest it." GLOW can | invest it ?" FIN
vest it in real estate" 81 know nothing
about real estate"
Go to the first auction and buy the
| property. You can not be much cheated
in that, because you will have TO give very
little more than somebody else will have
| to pay to get it. Give your notes for it,
save your money, collect your fees, pay
your notes as they become due. See that
| the property is improved properly, so
that the rent will keep down your interest
account, and when you get any other
| money invest It in the same wav. and if
your notes press upon you little faster than
you can pay them, why we will, when we
find that is what you are doing with your
money, discount your note and give you
little more time, so that you can pay it up.
This Will necessitate the prompt collection
Of your bills, for | know that you would
rather work and earn a hundred dollars
than dun man for it, unless you have a
! pressing need for it. You have not even
asked for little bill that we owe you in
the bank, which shows me that you do not
promptly collect your dues"
| followed the advice and bought a NUM-
Der of pieces of property in that manner.
and | never did exactly know how they
were paid for, but they were, and in few
years l owned some twenty different pieces
of property in Lowell that came to me in
that way. | can only say that l wish
| had been wise enough to have continued
this course through life.
do not think that | need to extend
these suggestions any further, because if a
young man won't mind these, he won't any
Others and l can not suggest any better
ones